Statkraft increases the gas power capacity in Knapsack

13.09.2010 15.00 | stock exchange information

Statkraft has decided to increase its gas-fired power capacity in Knapsack, Germany. An EPC-contract was signed today with German Siemens AG, regarding engineering, procurement and construction of a 430 MW combined-cycle gas turbine next to Statkraft's existing power plant in Knapsack.

Under the condition that the project gets building permission by local authorities, the construction is expected to start during the summer 2011. The new unit is expected to be operational by July 2013.

The investment amounts to EUR 367 million, corresponding to about NOK 3 billion.